(NASDAQ:SBGI) posted its earnings results on Wednesday. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sinclair Broadcast Group, Inc. with MarketBeat.com's FREE daily email newsletter.
A number of institutional investors have recently modified their holdings of the company. (NASDAQ:SBGI) stock have made investors to juggle around with their spending.
In related news, Director Howard E. Friedman sold 1,010 shares of Sinclair Broadcast Group stock in a transaction on Monday, October 2nd. Origin Asset Management LLP increased its position in shares of Sinclair Broadcast Group by 100.4% in the first quarter. Schroder Investment Management Group purchased a new stake in shares of Sinclair Broadcast Group in the second quarter valued at $268,000. Finally, FBR & Co began coverage on shares of Sinclair Broadcast Group in a report on Tuesday. At the moment, the average analyst rating for SBGI is Moderate Buy. The stock of Sinclair Broadcast Group Inc (NASDAQ:SBGI) has "Buy" rating given on Friday, June 2 by Stephens. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $55.00 price target on shares of Sinclair Broadcast Group in a report on Monday, October 2nd. (SBGI). A frequently used tool among technical stock analysts is the moving average. HG Vora Capital Management LLC is the second biggest holder with 5 million shares now valued at 156.28 million whilst Fidelity Management and Research Company has 5 million shares valued at 150.24 million. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ILLEGAL ACTIVITY WARNING: "PNC Financial Services Group Inc". Sinclair Broadcast Group's quarterly revenue was up 20.3% on a year-over-year basis. If you are reading this article on another site, it was illegally copied and republished in violation of United States & worldwide trademark and copyright legislation. Wedbush maintained Sinclair Broadcast Group Inc (NASDAQ:SBGI) rating on Friday, January 29. Sinclair Broadcast Group Inc had 18 analyst reports since July 30, 2015 according to SRatingsIntel. Sinclair Broadcast Group had a net margin of 7.28% and a return on equity of 34.76%.
Looking forward, for the quarter ending Dec-17, 6 analysts have a mean sales target of 724.14 million. During the same quarter in the prior year, the company earned $0.54 EPS. During the same quarter past year, the company earned $0.54 EPS. Stockholders of record on Friday, December 1st will be issued a $0.18 dividend. The ex-dividend date was Tuesday, August 30th. Intelsat SA (NYSE:I) has risen 0.32% since November 2, 2016 and is uptrending. Pinnacle Associates Limited stated it has 0.96% of its portfolio in Sinclair Broadcast Group Inc (NASDAQ:SBGI). The Q.i. Value of Sinclair Broadcast Group, Inc.is 15.00000. The Firm focuses on providing content on its local television stations and digital platforms.
Synnex Corporation is a business process services company.
"This month, the Federal Communications Commission will be addressing certain deregulatory rulemakings for the television broadcast industry, recognizing that the competitive marketplace has changed and broadcasters actually do compete against everyone for viewers and advertising dollars".